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Body Control Module Market Trends

Report ID: GMI6128
Published Date: Jun 2023
Report Format: PDF

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Body Control Module Market Trends

The growing focus on vehicle connectivity is a significant trend in the BCM market. The advent of connected vehicles and the Internet of Things (IoT) has increased the need for BCMs that facilitate connectivity with smartphones, cloud services, and other smart devices. The BCM improves the overall user experience by enabling features such as vehicle remote control, climate control, and connectivity to external services. BCMs are designed to integrate with smartphones via communication methods such as Bluetooth, Wi-Fi, or Near Field Communication (NFC). This integration allows users to manage multiple vehicle functions, access vehicle information, and receive notifications via a mobile app. Furthermore, the growing focus on vehicle connectivity is driven by the desire for seamless integration with personal devices, access to cloud-based services, and the increasing importance of data-driven insights & personalized experiences, which is contributing to the demand for BCMs.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The Body Control Module (BCM) market was valued at USD 31.4 billion in 2022 and is anticipated to grow at a CAGR of over 4% between 2023 and 2032, owing to a massive transition to electric vehicles.

The ethernet segment is expected to grow at a CAGR of over 5% from 2023 to 2032, as ethernet supports high-speed data, low latency, and real-time communication between vehicle components, facilitating the integration between ADAS and connected vehicles.

Asia Pacific Body Control Module (BCM) market held a revenue share of over 35% in 2022 and will continue growing through 2032, owing to technological advancements and early adoption of new solutions across the region.

Aptiv, Continental AG, Denso Corporation, Infineon Technologies AG, Lear Corporation, Magna International Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation among others. `